Boeing will report after-tax charges totaling $2.1 billion across three aircraft programs—the 787, 747-8 and KC-46 aerial refueler—in its July 27 second-quarter earnings release, the company has revealed.
Boeing announced Thursday it will recognize financial charges totaling $2.1 billion related to three aircraft programs in its second-quarter earnings results next week.
Dallas-based Southwest Airlines posted a 2016 second-quarter net income of $820 million, up 34.9% year-over-year (YOY), compared to a net profit of $608 million in the year-ago quarter.
Kuwait-based hybrid carrier Jazeera Airways has been granted approval by the emirate’s government for the necessary land on which to build a dedicated terminal at Kuwait International Airport.
Alaska Air Group has reached an agreement with the US Department of Justice (DOJ) on the timing of the antitrust review of its proposed acquisition of Virgin America and expects the merger to close in the 2016 fourth quarter, according to Alaska CEO Brad Tilden.
UK budget carrier easyJet has taken a £40 million ($52.5 million) currency hit because of the devaluation of the pound since the UK voted to leave the European Union, or Brexit, on June 23.
Turkey’s national flag carrier Turkish Airlines said all flight operations are proceeding as normal, after President Recep Tayyip Erdogan issued a three-month state of emergency following a failed military coup attempt July 15.
Germany-based Lufthansa has lowered its full-year profit forecast after a significant decline in advanced long-haul bookings to Europe following repeated terrorist attacks in Europe amid greater political and economic uncertainty.
Seattle-based Alaska Air Group, parent of Alaska Airlines and Horizon Air, reported second-quarter net income of $260 million, up 11.1% over a net profit of $234 million in the prior-year period.
China’s Hainan Airlines plans to take a 23% shareholding in TAP Portugal, with a bond buy from Azul Brazilian Airlines, in a €30 million ($33 million) transaction.
The US Department of Transportation (DOT) on July 20 gave tentative approval to American Airlines, Delta Air Lines, Hawaiian Airlines, and United Airlines as proposed final candidates for daytime service to Tokyo Haneda Airport.
New York Newark International Airport (EWR) will become the sixth major US airport to have what the Transportation Security Administration (TSA) is calling “automated” screening lanes installed.
Chicago-based United Airlines is slowing capacity growth in the second half of 2016, and on transatlantic routes will cut capacity by 1% to 2% in the fourth quarter compared to the 2015 December quarter.
Grupo Aeromexico reported MXP28 million ($1.5 million) in net income for the 2016 second quarter, down 72.5% from its MXP102 million net profit in the year-ago period.
Lufthansa Group is in talks to potentially buy routes from German low-cost carrier (LCC) airberlin, according to a report by German financial newspaper Handelsblatt.
Chinese conglomerate HNA Group has continued to buy up Western aviation assets, with its aviation division acquiring a majority stake in MRO provider SR Technics.
